There has been weakening in the demand for MA since past few weeks. However supply has been abundant since past few months. Offer has reduced by USD 20/tonne and has reached to the mark of USD 960/tonne foe South East Asia market.The weakening of major economies in South Asia has been the factor for declining of petrochemical prices.Poor uptake from automobile industry of India and China has been one of the crucial factors or this decline.
